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De-internationalization of cross-border investments from a de-globalization perspective: a systematic literature review and structuring of the field

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  • Sidney Michael Pillich

    (Technische Universität Berlin)

Abstract

Globalization has propelled economic development for decades, but this trend seems to be broken, potentially entering a reversal trend of de-globalization, as recent indicators allegedly reveal. Owing to the complexity and novelty of this trend, the literature leads to ambiguous assessments of economic de-globalization and its implications. Therefore, this literature review, drawn from international business literature, attempts to outline the drivers of economic de-globalization and understand how these drivers affect the de-internationalization of cross-border investments by multinational enterprises. Thus, this review provides a terminological basis by distinguishing between de-globalization as an external macro driver and de-internationalization as an internal corporate response. The interdependent de-globalization drivers are social inequality, technological advancement, and environmental sustainability. Additionally, (inter-) national politics play an outstanding role in understanding the development of de-globalization. This study structures the literature on de-globalization and finds that the impact of de-globalization drivers on multinational enterprises varies considerably. As the topic of de-globalization is rather new and conceptually elaborated, many research opportunities exist in this field.

Suggested Citation

  • Sidney Michael Pillich, 2025. "De-internationalization of cross-border investments from a de-globalization perspective: a systematic literature review and structuring of the field," Management Review Quarterly, Springer, vol. 75(2), pages 1419-1494, June.
    • Handle: RePEc:spr:manrev:v:75:y:2025:i:2:d:10.1007_s11301-024-00414-3
    DOI: 10.1007/s11301-024-00414-3
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    Keywords

    De-globalization; De-internationalization; Cross-border divestment; Back-shoring; Systematic literature review;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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